China soon will slap a penalty on General Motors' China unit for monopolistic behavior, according to media reports out of China today. Initial reports from the China Daily newspaper didn't name the automaker, but Bloomberg, citing people familiar with the matter, reported that GM China was the target.
The top U.S. steel makers'
association said it has been in contact with President-elect
Donald Trump's transition team as
the industry seeks tougher trade defenses under his incoming
administration. Trade restrictions are tantalizing for an American steel
industry struggling with foreign competition, notably Chinese companies, but analysts say
new measures could trigger a backlash from U.S. automakers and
other consumers who want unfettered access to overseas markets.
BEIJING -- Next year, Beijing will ban
highly polluting old cars from being driven whenever air quality
alerts are issued in the city or neighboring regions, the
city's environmental protection bureau said. China has adopted various measures over the years to reduce
the blankets of smog which shroud many of the country's northern
cities in the winter, causing hazardous traffic conditions and
disrupting daily life.
Nissan Motor Co.'s premium Infiniti brand is evaluating when to introduce an electric vehicle with the outlook for demand in China in mind. Infiniti now offers nine models in China, of which five are SUVs and the remaining sedans. Six of the vehicles run on gasoline and the others, hybrid models.
plans to plug a regulatory gap and begin overseeing low-speed electric
vehicles used mainly in the countryí»s rural areas, legitimizing a market
segment that dwarfs sales of regular battery-electric cars made by the
likes of BYD Co. and Tesla Motors Inc. Under current regulations, there are no rules governing
the production and sale of EVs with top speeds below 100
kilometers per hour. The result has been a
proliferation of cheap, poorly made EVs powered by polluting lead
batteries that pose a threat to road safety and the environment, the government says.